American Airlines Group Inc.
AAL · Air Transportation, Scheduled · 661.4M shares · +13%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $71M (gross $173M, SBC $102M)
Reference price $18.00 · est. market cap ~$11.9B — last insider sale, 2026-06-25 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D52Large but heavily-indebted airline with near-zero returns, negative equity, and an 87% earnings decline.
Strengths
- Operating margin 2.7% (63.6th) and positive OCF; ongoing fleet renewal and premium-product investment
- Scaled global network with valuable AAdvantage program
Risks
- Near-zero returns (net margin 0.2%, ROA 0.18%, ROE -3.0%) and net income down 87%
- Distress-adjacent leverage — negative book equity, D/E -6.6, current ratio 0.50 — in a capital-intensive, low-moat industry
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
2.7%
Net margin
0.2%
Return on equity
-3.0%
Return on assets
0.2%
ROIC
5.5%
Revenue growth (QoQ)
-0.6%
Net-income growth
-86.9%
Debt / equity
-6.6×
Current ratio
0.5×
EBITDA
$3.7B
Tangible book value
-$9.9B
Stock comp / revenue
0.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-25 | Seymour David | Sell | 56K | $18.00 |
| 2026-06-24 | Seymour David | Sell | 69K | $17.00 |
| 2026-06-10 | Reynal Vicente | Grant | 11K | — |
| 2026-06-10 | Ungerleider Howard I | Grant | 11K | — |
| 2026-06-10 | Smith Gregory D | Grant | 26K | — |
| 2026-06-10 | Nesbitt Martin H. | Grant | 11K | — |
| 2026-06-10 | Dillon Mary N | Grant | 11K | — |
| 2026-06-10 | Brown Adriane M | Grant | 11K | — |
| 2026-06-10 | STEENLAND DOUGLAS M | Grant | 11K | — |
| 2026-06-10 | KRONICK SUSAN D | Grant | 11K | — |
| 2026-06-10 | KRONICK SUSAN D | Grant | 11K | — |
| 2026-06-10 | HART MATTHEW J | Grant | 11K | — |
| 2026-06-10 | CAHILL JOHN T | Grant | 11K | — |
| 2026-06-10 | Farmer Kathryn M | Grant | 11K | — |
| 2026-05-02 | May Devon E | Tax withheld | 34K | $11.84 |
| 2026-05-02 | Owens Angela | Tax withheld | 8.1K | $11.84 |
| 2026-05-02 | Seymour David | Tax withheld | 41K | $11.84 |
| 2026-05-01 | Richmond Anthony J. | Tax withheld | 71K | $11.84 |
| 2026-03-24 | Dillon Mary N | Grant | 3.0K | — |
| 2026-02-27 | Isom Robert D Jr | Tax withheld | 48K | $13.07 |
| 2026-02-20 | May Devon E | Tax withheld | 8.3K | $13.59 |
| 2026-02-20 | Owens Angela | Tax withheld | 7.8K | $13.59 |
| 2026-02-20 | Seymour David | Tax withheld | 8.3K | $13.59 |
| 2026-02-20 | Johnson Stephen L | Tax withheld | 17K | $13.59 |
| 2026-02-18 | Seymour David | Tax withheld | 9.1K | $14.10 |
| 2026-02-18 | Owens Angela | Tax withheld | 12K | $14.10 |
| 2026-02-18 | Johnson Stephen L | Tax withheld | 24K | $14.10 |
| 2026-02-18 | May Devon E | Tax withheld | 8.7K | $14.10 |
| 2026-02-18 | Isom Robert D Jr | Tax withheld | 46K | $14.10 |
| 2026-02-17 | Johnson Stephen L | Grant | 443K | — |
| 2026-02-17 | Isom Robert D Jr | Grant | 781K | — |
| 2026-02-17 | Pieper Nathaniel | Grant | 217K | — |
| 2026-02-17 | Richmond Anthony J. | Grant | 242K | — |
| 2026-02-17 | May Devon E | Grant | 311K | — |
| 2026-02-17 | Owens Angela | Grant | 101K | — |
| 2026-02-17 | Seymour David | Grant | 322K | — |
| 2025-12-16 | Seymour David | Sell | 26K | $16.01 |
| 2025-12-12 | May Devon E | Tax withheld | 12K | $14.96 |
| 2025-12-12 | Owens Angela | Tax withheld | 4.6K | $14.96 |
| 2025-12-12 | Seymour David | Tax withheld | 22K | $14.96 |
| 2025-12-09 | Seymour David | Sell | 63K | $15.01 |
| 2025-11-03 | Pieper Nathaniel | Grant | 22K | — |
| 2025-09-20 | Johnson Stephen L | Tax withheld | 18K | $12.45 |
| 2025-09-20 | Johnson Stephen L | Tax withheld | 22K | $12.45 |
| 2025-09-20 | Isom Robert D Jr | Tax withheld | 58K | $12.45 |
| 2025-09-20 | Isom Robert D Jr | Tax withheld | 28K | $12.45 |
| 2025-08-18 | May Devon E | Grant | 152K | — |
| 2025-08-18 | Seymour David | Grant | 152K | — |
| 2025-07-12 | Seymour David | Tax withheld | 1.6K | $12.22 |
| 2025-06-11 | Smith Gregory D | Grant | 32K | — |
| 2025-06-11 | HART MATTHEW J | Grant | 14K | — |
| 2025-06-11 | Brown Adriane M | Grant | 14K | — |
| 2025-06-11 | KRONICK SUSAN D | Grant | 14K | — |
| 2025-06-11 | Farmer Kathryn M | Grant | 14K | — |
| 2025-06-11 | CAHILL JOHN T | Grant | 14K | — |
| 2025-06-11 | Ungerleider Howard I | Grant | 14K | — |
| 2025-06-11 | STEENLAND DOUGLAS M | Grant | 14K | — |
| 2025-06-11 | Reynal Vicente | Grant | 14K | — |
| 2025-06-11 | OLEARY DENISE M | Grant | 14K | — |
| 2025-06-11 | Nesbitt Martin H. | Grant | 14K | — |
| 2025-05-02 | May Devon E | Tax withheld | 11K | $10.52 |
| 2025-05-02 | Seymour David | Tax withheld | 14K | $10.52 |
| 2025-05-02 | Owens Angela | Tax withheld | 5.0K | $10.52 |
| 2025-05-01 | Richmond Anthony J. | Grant | 833K | — |
| 2025-02-28 | Johnson Stephen L | Tax withheld | 38K | $14.35 |
| 2025-02-28 | Isom Robert D Jr | Grant | 22K | — |
| 2025-02-28 | Johnson Stephen L | Tax withheld | 35K | $14.35 |
| 2025-02-28 | Isom Robert D Jr | Tax withheld | 51K | $14.35 |
| 2025-02-28 | Johnson Stephen L | Grant | 16K | — |
| 2025-02-27 | Isom Robert D Jr | Tax withheld | 84K | $14.53 |
| 2025-02-20 | Owens Angela | Tax withheld | 5.1K | $15.86 |
| 2025-02-20 | Seymour David | Tax withheld | 17K | $15.86 |
| 2025-02-20 | May Devon E | Tax withheld | 17K | $15.86 |
| 2025-02-20 | Johnson Stephen L | Tax withheld | 24K | $15.86 |
| 2025-02-18 | Johnson Stephen L | Grant | 396K | — |
| 2025-02-18 | Isom Robert D Jr | Grant | 693K | — |
| 2025-02-18 | Owens Angela | Grant | 88K | — |
| 2025-02-18 | Seymour David | Grant | 218K | — |
| 2025-02-18 | May Devon E | Grant | 208K | — |
| 2025-02-18 | Isom Robert D Jr | Grant | 700K | — |
| 2025-01-27 | Owens Angela | Sell | 52K | $17.15 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (2)
Suppliers (5)
- Boeing
- Airbus
- ZeroAvia
- SKYWEST INC
- REPUBLIC AIRWAYS HOLDINGS INC.
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-16 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-06-10 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-29 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-04-23 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-20 | Reg FDExhibits | filing ↗ |
| 2026-03-24 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-03-17 | Reg FD | filing ↗ |
| 2026-03-09 | Material agreementDebt obligationExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-16 | 2026-06-14 | 0000006201-26-000044 ↗ |
| 8-K | 2026-06-10 | 2026-06-10 | 0000006201-26-000039 ↗ |
| 8-K | 2026-05-29 | 2026-05-29 | 0001193125-26-248886 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0000006201-26-000031 ↗ |
| 10-Q | 2026-04-23 | 2026-03-31 | 0000006201-26-000032 ↗ |
| 8-K | 2026-04-20 | 2026-04-17 | 0001193125-26-162119 ↗ |
| 8-K | 2026-03-24 | 2026-03-24 | 0000006201-26-000023 ↗ |
| 8-K | 2026-03-17 | 2026-03-17 | 0000006201-26-000020 ↗ |
| 8-K | 2026-03-09 | 2026-03-05 | 0001193125-26-098647 ↗ |
| 10-K | 2026-02-18 | 2025-12-31 | 0000006201-26-000014 ↗ |
| 8-K | 2026-01-27 | 2026-01-27 | 0000006201-26-000008 ↗ |
| 10-Q | 2025-10-23 | 2025-09-30 | 0000006201-25-000052 ↗ |